Experts tell Upstream China’s oil and gas demand is likely to be affected by broader headwinds, but leading offshore yard president says engineering is holding …
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Hong Kong-owned electronics factory shuts down in Shenzhen and lays off workers as economic downturn bites
Xin An Electrical employs hundreds in Shenzhen and according to a notice has been hit by economic headwinds and lower orders.
What China’s big earnings say about the consumer
Corporate earnings releases are picking up on a few bright spots for China’s consumer in a competitive market where people are less willing to spend.
China will ‘adjust policy to ward off instability’
China’s central bank has moved to alleviate concerns about the country’s slow growth as global investors pare back their exposure to the world’s second largest economy.The People’s Bank of China admit
Despite China’s economic troubles, Cramer says its market won’t collapse
CNBC’s Jim Cramer on Thursday told investors he doesn’t think China’s market will collapse despite the country’s recent weaker-than-expected economic figures and trouble with its real estate sector, specifically Country Garden, one of the largest…
Analysis: China’s sputtering economy curbs outlook for diesel demand for rest of 2023
China’s muted economic growth in 2023 as its post-COVID recovery underwhelms has crimped the outlook for demand for diesel fuel, the oil product that is the lifeblood of the economy, paving the way for continuing…
Country Garden: How bad is China’s property crisis?
The debt crisis at Country Garden , China’s largest property developer before this year and once considered a financially sound company, has triggered fresh contagion fears just two years after China …
Space race 2.0: Russia, India, China and the U.S. are heading for the lunar south pole
Uncrewed Russian and Indian spacecraft could land in the area next week, while the U.S. is trying to land astronauts there by 2025.
Business Highlights: China tries to defuse concerns over economy; US mortgage rates at 20-year highs
The S&P 500 shed 33.97 points, or 0.8%, to 4,370.36. The Dow Jones Industrial Average dropped 290.91 points, or 0.8%, to 34,474.83. The Nasdaq composite fell 157.70 points, or 1.2%, to 13,316.93. The …
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court
China Evergrande, the heavily indebted property developer, on Thursday filed for protection from creditors with the U.S. bankruptcy court in Manhattan. The filing under Chapter 15 of the U.S. bankruptcy code came after China Evergrande…
James Harden teases that he could play in China: ‘Love is always crazy here’
James Harden’s immediate future is in question, but he apparently has a possible destination in mind. The 10-time All-Star reportedly requested a trade from the Philadelphia 76ers, who have pretty much shut that down. The…
The Real Risks of Doing Business in China
A small state in India’s northeast is experiencing deadly ethnic conflict.: The Real Risks of Doing Business in China Create an FP account to save articles to read later and in the FP mobile app.…
Global investors expect China to deliver a massive fiscal stimulus. Here’s why it may never arrive.
MARKET EXTRA Many investors are clinging to hopes China will deliver a big fiscal stimulus in a bid to kickstart its ailing economy. They’re likely to be disappointed, according to …